Verified Financial Institution
Est. 2017
FairMoney Microfinance Bank
Lagos, Nigeria
•
Central Bank of Nigeria (CBN) & NDIC
(MFB/2021/0491)
Trust Score
95/100
About FairMoney Microfinance Bank
FairMoney is a leading credit-led digital bank licensed by the Central Bank of Nigeria (CBN) offering instant personal and business loans.
Moniest Editorial Assessment
FairMoney is one of the most reliable instant lending apps in Nigeria. With automated underwriting powered by machine learning, repeat borrowers can unlock up to ₦3,000,000 with flexible tenors up to 18 months. Their transition to a full microfinance bank with NDIC insurance provides strong depositor and borrower safeguards.Financial Products Offered by FairMoney Microfinance Bank in Nigeria
Fast collateral-free loans up to ₦3M in 5 minutes
Rate / Fee
2.5%-30% (monthly)
Max Limit
NGN 3,000,000
Tenor
1-18 mo
Speed
5 minutes
No collateral or paperwork required
Disbursed in under 5 minutes
Central Bank of Nigeria (CBN) & NDIC
Verified Sep 2026
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